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17.07.2015 - Gold continues the steady decline

The price
of gold continued to decline in a stable downtrend after overcoming an
important level of $ 1,150 an ounce. It is worth noting that the negative news
for the price has become the reduction in the number of initial jobless claims
in the US to 281 thousand against the previous figure of 296 thousand. In
addition, Janet Yellen again pointed to the Fed's intention to raise interest
rates this year, which traditionally negatively effects the value of gold.
Today, the dynamics of trading will be affected by the data on the housing
market and inflation in the US (12:30 GMT), and the consumer confidence index
from the University of Michigan (14:00 GMT). We expect a further fall in prices
in the near future, but maintain a positive medium-term outlook for gold.

The price
of Light Sweet crude oil continues to decline gradually on the background of
stable excess of oil supply on the market due to the increasing number of
active drilling rigs in the United States over the past two weeks. It should
also be noted the agreement on Iran's nuclear program, which has led to the
lifting of sanctions against the country, which will in the next year lead to
increase of the supply of oil by about 700,000 barrels per day. At the same
time it is worth noting the growth of production in the countries of OPEC.
Today, investors are waiting for the publication of statistics on the number of
active rigs in the US. The growth in the near future is possible within the
correction and our medium-term outlook for oil remains negative.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

LEGAL: ‘fxfinpro.com’ is a domain owned and operated by ‘PFX Financial Professionals Limited’, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus. ‘PFX Financial Professionals Limited’ is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under license number 193/13. ‘PFX Financial Professionals Limited’ operates in accordance with the Markets in Financial Instruments Directive (‘MiFID’) of the European UnionRESTRICTED REGIONS: PFX Financial Professionals Limited does not provide services to citizens of the USA, Canada, Japan, Belgium, North Korea, or Iran

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.